Annaly Capital Management (NYSE:NLY) Price Target Raised to $21.00

Annaly Capital Management (NYSE:NLY) had its target price upped by UBS Group from $20.00 to $21.00 in a research report released on Wednesday morning, Marketbeat reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

NLY has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th. Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Jones Trading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.83.

Annaly Capital Management Stock Up 1.2%

NYSE:NLY opened at $22.06 on Wednesday. The firm has a market capitalization of $14.16 billion, a P/E ratio of 21.84, a PEG ratio of 5.17 and a beta of 1.24. Annaly Capital Management has a 1-year low of $16.59 and a 1-year high of $22.18. The company’s fifty day moving average price is $20.43 and its 200-day moving average price is $19.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, equities research analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current year.

Institutional Trading of Annaly Capital Management

Hedge funds have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC grew its position in shares of Annaly Capital Management by 25.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 54,691 shares of the real estate investment trust’s stock valued at $1,001,000 after purchasing an additional 10,925 shares in the last quarter. Comerica Bank grew its holdings in Annaly Capital Management by 5.3% in the 4th quarter. Comerica Bank now owns 196,546 shares of the real estate investment trust’s stock valued at $3,597,000 after buying an additional 9,829 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Annaly Capital Management in the 4th quarter worth $198,000. Baird Financial Group Inc. raised its holdings in shares of Annaly Capital Management by 2.7% during the 4th quarter. Baird Financial Group Inc. now owns 188,380 shares of the real estate investment trust’s stock worth $3,447,000 after acquiring an additional 4,989 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Annaly Capital Management by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 1,043,412 shares of the real estate investment trust’s stock worth $19,094,000 after acquiring an additional 25,411 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.